Tourism Finance Corp Advances in Acquisition of Cosmea Investment Oct 06, 2025
Tourism Finance Corporation of India Limited's (TFCI) Board has given in-principle approval to enter an exclusive term sheet with Cosmea Investment Holdco Private Limited for acquiring 100% of Cosmea Investment Private Limited (CIPL) and its subsidiaries. The acquisition targets CIPL's interests in asset reconstruction, stock broking, wealth management, and investment advisory. The deal is subject to due diligence, finalization of terms, and regulatory approvals. TFCI plans to use an affiliate or SPV for the acquisition, potentially expanding its financial services portfolio.